America’s Social Security program is running out of time and money. Policymakers cannot agree on how to fix it, and generations of Americans have been duped into believing it is a good deal.
Late in the afternoon on Thursday last week, the Social Security Administration released its annual trustees’ report. As is often the case when government entities have bad news to report, they do so on a schedule that makes it easier to bury the information.
Two congressman are pushing proposals to change Social Security benefits for workers who retired with a pension from a government job but were covered only partially by Social Security during their careers. The current approach of the two lawmakers speaks volumes about the political difficulties associated with making even the tiniest, most commonsense reforms to this decades-old program.
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